Funding arb · Price arb /

CL

RWAall CL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.015%

Price spread now: StandX against OKX+0.119%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on OKX Short on StandX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 7 days−0.120%−$12 · spread now +0.119%, 7d avg −0.041%

Together, before fees+0.042%+ Points / potential airdropStandX: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and StandX is 0.160% dearer against OKX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CL-USDT-SWAP	92.720	−0.0050	get 0.0025% / 4h	3h 31m	$42.5M	$102.6M	50x
Short	StandX CL-USD	92.830	0.0040	get 0.0005% / 1h	31m 49s	$731K	$2.8M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

StandX against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee StandXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $18.93
Price spread: +0.119% → −0.041%: $15.98
Slippage, 4 orders: −$13.92
Fee OKX: 5 bp × 2 orders: −$10
Fee StandX: 4 bp × 2 orders: −$8
Net: $2.99
Costs to cover: 0.319%
Break-even: 5.9 days

Slippage from OKX: live order book, 2 min ago; StandX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	0.54 bp	6.5 bp −$7	7.4 bp −$74	15.9 bp −$1,585	doesn't fit
Sell StandX live order book, 2 min ago	5.93 bp	9.9 bp −$10	11.6 bp −$116	doesn't fit	doesn't fit

CL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit WTIOIL_USDC-PERPETUAL	−0.0505%	1h	92.680	−0.043%	$187K	$410K	15x	as long as short
Kraken Futures PF_WTIOILUSD	−0.0314%	1h	92.723	+0.004%	$271K	$936K	25x	as long as short
Aster CLUSD1	−0.0228%	4h	92.770	+0.054%	$24.8M	$60.6M	20x	as long as short
Gate CL_USDT	−0.0168%	8h	92.660	−0.065%	$23.4M	$49.7M	100x	as long as short
Binance CLUSDT	−0.0126%	4h	92.730	+0.011%	$245.5M	$930.8M	100x	as long as short
Variational Omni CL	−0.0113%	4h	92.780	+0.064%	$13.5M	$10.7M	—	as long as short
Nado WTI-PERP	−0.0100%	1h	92.802	+0.089%	$950K	$600K	10x	as long as short
GRVT CL_USDT_Perp	−0.0094%	4h	92.734	+0.015%	$75K	$624K	25x	as long as short
Bitget CLUSDT	−0.0078%	4h	92.730	+0.011%	$42.2M	$41.6M	100x	as long as short
Aftermath Perps WTIUSD	−0.0069%	1h	92.822	+0.110%	$1K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX CLUSDC	−0.0063%	4h	92.758	+0.041%	$541K	$342K	30x	as long as short
OKX CL-USDT-SWAPlong	−0.0050%	4h	92.720	long leg	$42.5M	$102.6M	50x
QFEX CL-USD	−0.0026%	1h	92.710	−0.011%	$2.3M	$2.4M	10x	as long as short
tradeXYZ xyz:CL	−0.0016%	1h	92.745	+0.027%	$184.1M	$192.3M	20x	as long as short
dYdX WTI-USD	0.0000%	1h	92.833	+0.122%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.752	+0.035%	$27.4M	$81.6M	150x	as long as short
RISEx CL/USDC	0.0000%	1h	92.778	+0.063%	$3.0M	$2.8M	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.724	+0.004%	$18K	$239K	10x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	92.308	−0.444%	$5K	—	150x	as long as short
Phoenix WTIOIL	+0.0009%	1h	92.850	+0.140%	$37K	$39K	20x	as long as short
Paradex CL-USD-PERP	+0.0015%	8h	92.725	+0.006%	$16K	$367	5x	as long as short
Coinbase International WTIOIL-PERP-INTX	+0.0016%	1h	92.610	−0.119%	$412K	$814K	15x	as long as short
Ondo Perps WTI-USD.P	+0.0030%	1h	92.720	0.000%	$3.6M	$5.2M	20x	as long as short
Lighter WTI	+0.0032%	1h	92.740	+0.022%	$11.3M	$8.8M	20x	as long as short
Extended WTI-USD	+0.0032%	1h	92.750	+0.032%	$1.7M	$14.3M	10x	as long as short
StandX CL-USDshort	+0.0040%	1h	92.830	+0.119%	$731K	$2.8M	40x
Vest CL-PERP	+0.0046%	1h	92.710	−0.011%	—	$313K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.750	+0.032%	$1.6M	$1.2M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.715	−0.005%	$2.1M	$69K	20x	as long as short
Pacifica CL	+0.0100%	1h	92.748	+0.031%	$346K	$589K	10x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.735	+0.016%	$7.0M	$2.5M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.860	+0.151%	$54K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.692	−0.030%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0166% / S −0.0007%	1h	92.725	+0.005%	$80K	—	111x	as long as short
BloFin CL-USDT	+0.0189%	4h	92.780	+0.065%	$4.0M	$1.0M	50x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	102.13	+10.153%	$19K	$5K	30x	as long as short